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Claims in $310M DRAM price-fixing settlement due by Aug. 1

West Hawaii Today

Hawaii residents are urged to file their claim in the $310 million DRAM Settlement in order to meet an Aug. 1 deadline.

Attorney General David M. Louie issued the reminder on Friday regarding the settlement involving 12 Dynamic Random Access Memory (DRAM) manufacturers over claims of price fixing. Consumers and businesses can file a claim if they made purchases between 1998 and 2002.

DRAM is a high-density, low-cost per bit memory component that stores digital information and provides high-speed retrieval of data, according to Louie. DRAM is sold separately or preinstalled in electronic devices such as computers (laptops, desktops, and servers), graphics cards, video game consoles, MP3 players, printers, PDAs, DVD players, and Digital Video Recorders.

The minimum payment for smaller purchases of DRAM or DRAM products is expected to be $10. But the actual payment amount depends on the total number of claims filed and payments could be $25, $50 or higher, according to Louie.

“This settlement affects almost every consumer and business in Hawaii that purchased computers and other electronic devices from 1998 to 2002,” Louie said in a prepared statement. “This is your money, and we encourage everyone to file a claim to get what is owed to them.”